Personal Finance Tools that Can Boost Your Credit Score
by Kevin Silver
There are no shortcuts to improving your credit – it’s a time-consuming process regardless of which path you take. Read More
Magical Credit Blog
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Millennial Money: Why Generation Y are Financially Worse Off Than Their Parents
by Kevin Silver
It’s no secret that millennial home buyers are at a disadvantage when trying to buy their first home. Read More
How to Apply for a Loan with Your Canada Child Benefit
by Kevin Silver
The Canada Child Benefit (CCB) is a tax-free, monthly payment to eligible families that help with the costs of raising children under 18 years old. Read More
Fitness on a Budget: Burning Calories Without Burning Through Your Savings
by Kevin Silver
Having provided short term loans in Canada for as long as we have, we’ve seen many people hit rough financial patches. Read More
Don’t Be Fooled by These Financial Falsehoods
by Kevin Silver
April Fools is a terrifying day filled of trolling and treachery. Read More
Is the Minimum Wage Hike Good for Ontario?
by Kevin Silver
We’re a couple of months into the ambitious minimum wage hike imposed by Ontario’s provincial government, and it’s garnering both positive and negative responses. Read More
Three Totally Rad (Re: Cheap) Ways to Spend Your Spring Break
by Kevin Silver
Load up your suitcases with Jack Daniels and put on your game face, because spring break is on the loom. Read More
Disclosures:
Magical Installment Loans: Installment loans are available to eligible residents of Ontario and range from $1,500 to $20,000. Repayment terms range from 18 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 18 monthly installments would require payments of $300.40 per month.
NOTE: Loan amount and payment amount are subject to change upon final loan approval. Interest rate for Personal Loans is calculated at 34.8%. The Repayment amount includes optional Loan Protection Plan coverage.
Magical Cash Loans - Ontario, British Columbia, Alberta, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to pay back is $1,140.00, which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
